$600 MILLION: Biggest Powerball jackpot ever

May 17, 2013, 1:05 pm (294 comments)

Powerball

Closing in on all-time lottery record

By Todd Northrop

Only once before has the United States — or the world — witnessed a lottery-buying frenzy like we are seeing this week.

That was in March, 2012, when the multi-state Mega Millions game was busy setting a record for the largest jackpot in world history.

This time it's Powerball's turn to make people stop what they're doing and line up for lottery tickets.

Powerball tickets are being bought at such a rapid pace that the Multi-State Lottery Association (MUSL), which operates the Powerball game, has raised the jackpot estimate for a second time in two days.

Who knows, it may even get raised again Saturday before the drawing.

Early Thursday morning, around 12:30 am Eastern Time, USA Mega announced the new record Powerball jackpot of $475 million after nobody won in the Wednesday evening drawing.

Twelve hours later, the jackpot estimate was raised to $550 million.  (See $550 MILLION: Powerball jackpot now more than a half-billion dollars, Lottery Post, May 16, 2013.)

Now, one day later, the official jackpot estimate has been raised yet again — to $600 million — with one more full day of sales to go before the big drawing.

The only question left is whether or not this Powerball juggernaut will set the all-time lottery jackpot record, eclipsing the $656 million Mega Millions jackpot set on March 30, 2012.

The cash value for Saturday's drawing now stands at a jaw-dropping $376.9 million.  Surprisingly, the cash value is still the third-largest amount in history, even though the annuity estimate is now the second-largest on record.  (The updated list of top annuity and cash jackpots can be found below.)

The rush of people trying to check their numbers on the Internet tomorrow night will likely have most Web sites swamped.  Players are encouraged to check their numbers at USA Mega (www.usamega.com), which tends to survive incredible traffic volumes better than most state lottery Web sites.

"Players checking online should hang in there and refresh their Web browser every so often until they get through to the site," said Todd Northrop, founder of Lottery Post and USA Mega. "The rush of traffic happens right at 11:00 pm Eastern Time, so waiting a half hour or so before checking the numbers will probably be easiest."

In the meantime, lottery players dreaming about what $600 million means to them after taxes have been withheld can check USA Mega's Jackpot Analysis page, which provides the information for each individual state.

Powerball features nine different prize levels, ranging from $4 all the way up to the jackpot. Players can win even if they just match one number — the Powerball number.

States also offer the Power Play option for an extra dollar per ticket purchased. The Power Play multiplies any non-jackpot prizes won by a fixed amount, depending on the prize level won.

Players who purchase the Power Play and win second prize will automatically have their prize increased by 2x to $2 million.

Top 25 United States lottery jackpots of all time

Saturday's Powerball jackpot currently stands as the 2rd-largest lottery jackpot of all time in the United States.  The amount of the jackpot may rise before the drawing Saturday night, as lotteries are typically conservative in their initial estimates, and current sales frenzy may push the jackpot estimate higher by draw time.

If nobody wins Saturday, it's anyone's guess how high it will go.

  1. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
  2. Powerball: $600 million, May 18, 2013 - Preliminary estimate, not won yet
  3. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
  4. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
  5. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
  6. Powerball: $365 million, Feb. 18, 2006 - Nebraska
  7. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
  8. Powerball: $340 million, Oct. 19, 2005 - Oregon
  9. Powerball: $338.3 million, Mar. 23, 2013 - New Jersey
  10. Powerball: $337 million, Aug. 15, 2012 - Michigan
  11. Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
  12. Mega Millions: $336 million, Aug. 28, 2009 - California, New York
  13. The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
  14. Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
  15. Mega Millions: $319 million, Mar. 25, 2011 - New York
  16. Mega Millions: $315 million, Nov. 15, 2005 - California
  17. Powerball: $314.9 million, Dec. 26, 2002 - West Virgina
  18. Powerball: $314.3 million, Aug. 25, 2007 - Indiana
  19. Powerball: $295.7 million, Jul. 29, 1998 - Indiana
  20. Powerball: $295 million, Aug. 25, 2001 - Delaware, Kentucky, Minnesota, New Hampshire
  21. Mega Millions: $294 million, Jul. 2, 2004 - Massachusetts
  22. Powerball: $276.3 million, Mar. 15, 2008 - West Virgina
  23. Mega Millions: $275 million, Feb. 22, 2008 - Georgia
  24. Mega Millions: $270 million, Feb. 28, 2006 - Ohio
  25. Mega Millions: $266 million, May 4, 2010 - California

For those keeping score, the number of jackpots in the top 25, by lottery game, are:

  • Mega Millions: 11
  • Powerball: 12
  • The Big Game: 2

The Big Game is the original name of Mega Millions, from the game's first drawing on Sep. 6, 1996 through May 14, 2002.  The name was changed to Mega Millions starting with the May 17, 2002 drawing.

Top 20 cash value jackpots

Since many lottery winners collect their winnings in cash, the lump-sum payout is an important measure of what a winning ticket could be worth.  The upcoming Powerball jackpot ranks as the 3rd-highest ever in the United States.

  1. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  2. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  3. Powerball: $376.9 million cash, May 18, 2013 ($600 million annuity) - Preliminary estimate, not won yet
  4. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  5. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  6. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
  7. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
  8. Powerball: $211 million cash, Mar. 23, 2013 ($338.3 million annuity) - New Jersey
  9. Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
  10. Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
  11. Mega Millions: $194.4. million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
  12. Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California
  13. The Big Game: $180 million cash, May 9, 2000 ($363 million annuity) - Illinois, Michigan
  14. Powerball: $177.3 million cash, Feb. 18, 2006 ($365 million annuity) - Nebraska
  15. Mega Millions: $168 million cash, July 2, 2004 ($294 million annuity) - Massachusetts
  16. Mega Millions: $167.7 million cash, Feb. 22, 2008 ($275 million annuity) - Georgia
  17. Powerball: $166 million cash, Aug. 25, 2001 ($295 million annuity) - Delaware, Kentucky, Minnesota, New Hampshire
  18. Mega Millions: $165.2 million cash, May 4, 2010 ($266 million annuity) - California
  19. Powerball: $164.4 million cash, won Oct. 19, 2005 ($340 million annuity) - Oregon
  20. Mega Millions: $164 million cash, Feb. 28, 2006 ($270 million annuity) - Ohio

Lottery Post Staff

Comments

whiteballz's avatarwhiteballz

$2 and a dream baby! I'm glad I got my tickets already, the lines at the store on Saturday are going to be looonnnng.

noise-gate

Quote: Originally posted by whiteballz on May 17, 2013

$2 and a dream baby! I'm glad I got my tickets already, the lines at the store on Saturday are going to be looonnnng.

Yep- this is all Californians doing,  to think otherwise is foolishness. Three Cheers for California.

Party

RedStang's avatarRedStang

I say 650 on sat. They are saying it passed 600 already.

noise-gate

Quote: Originally posted by RedStang on May 17, 2013

I say 650 on sat. They are saying it passed 600 already.

I say $700 mil RedStang by spinning time.

yoho

ya'll excited for the 190M mega millions tonight? lol

 

Cool

whiteballz's avatarwhiteballz

Quote: Originally posted by RedStang on May 17, 2013

I say 650 on sat. They are saying it passed 600 already.

How about $657 million just to beat the all time annuity record? Jester

MadGeniusDude's avatarMadGeniusDude

Quote: Originally posted by yoho on May 17, 2013

ya'll excited for the 190M mega millions tonight? lol

 

Cool

Banana

RedStang's avatarRedStang

Quote: Originally posted by noise-gate on May 17, 2013

I say $700 mil RedStang by spinning time.

That would mean about 150 mill tickets sold. Pretty wild.

hearsetrax's avatarhearsetrax

think am gonna be sick

MzDuffleBaglady's avatarMzDuffleBaglady

I just purchased my one ticket,  good luck everyone!!!!!!!!!!!!!!!!!!!!!!!!

 

 

 

peppy007

Quote: Originally posted by noise-gate on May 17, 2013

I say $700 mil RedStang by spinning time.

I Agree!

People that dont normally play the lottery will be coming out the woodworks to play in worlds biggest lottery jackpot. I wouldnt be surprised if it reaches a little more than $700 million. And if by an act of god no one wins, expect a jackpot of at least 1.5 billions.

Toronto

I want it all. All for me!!! Evil Smile

Kumo's avatarKumo

Quote: Originally posted by yoho on May 17, 2013

ya'll excited for the 190M mega millions tonight? lol

 

Cool

Definitely excited for both games! First time in history both jackpots combined have been close to $800M :)

Teddi's avatarTeddi

Quote: Originally posted by peppy007 on May 17, 2013

I Agree!

People that dont normally play the lottery will be coming out the woodworks to play in worlds biggest lottery jackpot. I wouldnt be surprised if it reaches a little more than $700 million. And if by an act of god no one wins, expect a jackpot of at least 1.5 billions.

I agree, I think it'll be at $700M or close to it by tomorrow night. I think people will be borrowing money and clearing out their checking accounts to buy as many tickets as they can. Seems it's jumping ~$100M per day, so why not $700 tomorrow night, unless everyone is broke by tomorrow. Which is possible at this rate of ticket sales. 

I don't know what will happen if it rolls over. People will lose their minds.

joshuacloak's avatarjoshuacloak

old record Powerball: $384.7 million cash   vs current Powerball: $376.9 million cash

ya i think we beat  cash wise by draw time of old PB record

we did start higher then that old jackpot ,and have ca now, so i knew we  have new PB record

but nonething going to touch the $471 million cash MM record

 if 1 ticket wins, am going to rofl at media witch hunt, as they all camp out for lottery to show up

they better know how to hide via  trust or something,

also  1 billion plus jackpot easy if it rolls"small chance with these sells"

lotteries are loving this , making them a killing

bobo7703

about time todd lol

dpoly1's avatardpoly1

Oopsie Daisy Thud

Ima gonna win about $230 million in the bank after 39% in Federal Taxes. Woo Hoo, no State or Local Taxes here in PA on Lottery winnings!

Dance

Good luck LP friends!

dallascowboyfan's avatardallascowboyfan

Woo Hoo Hurray!

dallascowboyfan's avatardallascowboyfan

Quote: Originally posted by bobo7703 on May 17, 2013

about time todd lol

That was uncalled for don't you think What? Todd works really hard on this site and USA Mega  cut him some slack.

Saylorgirl's avatarSaylorgirl

Quote: Originally posted by yoho on May 17, 2013

ya'll excited for the 190M mega millions tonight? lol

 

Cool

Actually I am!!  I would be very happy to win the mega millions!!

dallascowboyfan's avatardallascowboyfan

Quote: Originally posted by yoho on May 17, 2013

ya'll excited for the 190M mega millions tonight? lol

 

Cool

Heck Yeah, shoot I'll take $1 million even $250,000Wink

bobo7703

no i was just saying good job todd lol i have been here longer

maringoman's avatarmaringoman

Alright my turn.

So far I have 14 tickets for which I only paid $3.00. Think work pool.

I am thinking of buying 2 for myself with powerplay and wait for the draw.

Good luck people.

whiteballz's avatarwhiteballz

Quote: Originally posted by dallascowboyfan on May 17, 2013

Heck Yeah, shoot I'll take $1 million even $250,000Wink

I hope you have the winning ticket for tonight's mega millions and I hope I have the winning ticket for tomorrow night's powerball. That would be sweet. Yes Nod

MADDOG10's avatarMADDOG10

Oh Lord, Have Mercy....!

Jill34786's avatarJill34786

The PB annuity value will have to exceed $750 million if it wants to break the cash value that MM has at $471 million.

LottoPerro

Lottery insanity rules.

Piaceri

White BouncesinglewinnersinglewinnersinglewinnersinglewinnersinglewinnersinglewinnersinglewinnersinglewinnerWhite Bounce

 

Green laugh

 

Bought some tickets today and had an interesting thing... Here in Texas you have to choose whether you want cash or annuity at purchase. Cash always for me. Anyway, this is what tickets look like normally:

normal

Just before that, at a different location, my ticket printed like this:

weird

Crazy

Jill34786's avatarJill34786

Quote: Originally posted by yoho on May 17, 2013

ya'll excited for the 190M mega millions tonight? lol

 

Cool

It is nice that us folks here in Florida can now participate in the MM without having to drive to Georgia.

whiteballz's avatarwhiteballz

Quote: Originally posted by Jill34786 on May 17, 2013

The PB annuity value will have to exceed $750 million if it wants to break the cash value that MM has at $471 million.

okay...hear that everyone? Buy more Powerball tickets now! Big Grin

 

Just kidding, buy as many tickets as you are comfortable with. no more no less.

brees2012's avatarbrees2012

    This is unbelievable .....just found out it's up to $600 million , what a surprise .

     I checked my state and I'm ready to win over $260 million dollars .......

     

JoshUK

Wish I could play, hope you all win.Party

haymaker's avatarhaymaker

Quote: Originally posted by Piaceri on May 17, 2013

White BouncesinglewinnersinglewinnersinglewinnersinglewinnersinglewinnersinglewinnersinglewinnersinglewinnerWhite Bounce

 

Green laugh

 

Bought some tickets today and had an interesting thing... Here in Texas you have to choose whether you want cash or annuity at purchase. Cash always for me. Anyway, this is what tickets look like normally:

normal

Just before that, at a different location, my ticket printed like this:

weird

Crazy

We also have to make the choice at purchase,

easy decision, cash, always.

JoshUK

I would take cash at purchase also.

maximumfun's avatarmaximumfun

hmm....  as i read the article i note:

 

"In the meantime, lottery players dreaming about what $640 million means to them after taxes have been withheld can check USA Mega'sJackpot Analysis page, which provides the information for each individual state."

 

640... and Todd... you trying to tell us something here? 

 

GO POWERBALL!!!

brees2012's avatarbrees2012

Is it $640 mil ?

ressuccess's avatarressuccess

This is by far the largest Powerball Jackpot in their history. The world record jackpot was Mega Millions at $656 million shared by 3 winning tickets.

rdgrnr's avatarrdgrnr

Quote: Originally posted by MzDuffleBaglady on May 17, 2013

I just purchased my one ticket,  good luck everyone!!!!!!!!!!!!!!!!!!!!!!!!

 

 

 

 Thumbs UpGood luck MzD!Thumbs Up

Masone

The first drawing sequence that Powerball has in California and the jackpot grows from what, 50 million to 600 million? How convenient. How timely. 

/rolleyes

Jill34786's avatarJill34786

The Federal tax obligation alone is almost $150 million! some folks out there will still think that is not enough of their fair share.

Our beloved Government will burn through that amount in 20 minutes.

Masone

Quote: Originally posted by Jill34786 on May 17, 2013

The Federal tax obligation alone is almost $150 million! some folks out there will still think that is not enough of their fair share.

Our beloved Government will burn through that amount in 20 minutes.

Jesus first called them hypocrites, and then asked one of them to produce a Roman coin that would be suitable for paying Caesar's tax. One of them showed him a Roman coin, and he asked them whose name and inscription were on it. They answered, "Caesar's," and he responded:"Render therefore unto Caesar the things which are Caesar's; and unto God the things that are God's".

haymaker's avatarhaymaker

Quote: Originally posted by Jill34786 on May 17, 2013

The Federal tax obligation alone is almost $150 million! some folks out there will still think that is not enough of their fair share.

Our beloved Government will burn through that amount in 20 minutes.

Closer to 2 minutes I'd say.

dallascowboyfan's avatardallascowboyfan

Quote: Originally posted by whiteballz on May 17, 2013

I hope you have the winning ticket for tonight's mega millions and I hope I have the winning ticket for tomorrow night's powerball. That would be sweet. Yes Nod

As Ridge would say that's mighty kindly of you whiteballzWink

delS

Hi Todd-

 

You do an outstanding job running this site.  Especially in times like these.  So, I dont want anyone to go over the stupid mountain, and think Im criticizing you.  But there is a typo in the article.  See quote below:"In the meantime, lottery players dreaming about what $640 million means to them after taxes have been withheld can check USA Mega's  Jackpot Analysis page, which provides the information for each individual state.

Keep up the great work.

Jill34786's avatarJill34786

Quote: Originally posted by haymaker on May 17, 2013

Closer to 2 minutes I'd say.

Lol! with the current Federal budget at close to 4 trillion. Our Government spends about $450 million per hour Eek

Toronto

Quote: Originally posted by Jill34786 on May 17, 2013

The Federal tax obligation alone is almost $150 million! some folks out there will still think that is not enough of their fair share.

Our beloved Government will burn through that amount in 20 minutes.

Cause I earned that $376.9 million dammit!

lotteria

Quote: Originally posted by RedStang on May 17, 2013

That would mean about 150 mill tickets sold. Pretty wild.

How do you know the number of tickets?  I've been wondering what percentage of sales goes back into the pot.

Toronto

Quote: Originally posted by lotteria on May 17, 2013

How do you know the number of tickets?  I've been wondering what percentage of sales goes back into the pot.

http://www.ncsl.org/issues-research/econ/lottery-payouts-and-state-revenue.aspx

Sales are available at

http://<snip>/powerballsales.htm

 

 

This post has been automatically changed by the Lottery Post computer system to remove inappropriate content and/or spam.

BBLL's avatarBBLL

Now what the chances the Powerball will roll again now?

Toronto

Quote: Originally posted by BBLL on May 17, 2013

Now what the chances the Powerball will roll again now?

At least below 20%

VenomV12

Love that people can put little sayings under their posts. You can really see who the mentally ill on here are. 

BBLL's avatarBBLL

Quote: Originally posted by Toronto on May 17, 2013

At least below 20%

Ok still a chance it can roll.

helpmewin's avatarhelpmewin

Quote: Originally posted by dallascowboyfan on May 17, 2013

Heck Yeah, shoot I'll take $1 million even $250,000Wink

Hurray!I Agree!

Simba774

How many days old tickets win? It's always the ticket the person bought on game day. It's extremely hard to win the lottery, but most winners are sold on the day of the drawing.

yoho

Quote: Originally posted by Simba774 on May 17, 2013

How many days old tickets win? It's always the ticket the person bought on game day. It's extremely hard to win the lottery, but most winners are sold on the day of the drawing.

That's because most people rush to buy tickets on the last day, so most tickets are sold on the last day.

Todd's avatarTodd

Quote: Originally posted by maximumfun on May 17, 2013

hmm....  as i read the article i note:

 

"In the meantime, lottery players dreaming about what $640 million means to them after taxes have been withheld can check USA Mega'sJackpot Analysis page, which provides the information for each individual state."

 

640... and Todd... you trying to tell us something here? 

 

GO POWERBALL!!!

It was a typo.  I'm glad you found it, but probably best just to send me a quick note.

Todd's avatarTodd

Quote: Originally posted by delS on May 17, 2013

Hi Todd-

 

You do an outstanding job running this site.  Especially in times like these.  So, I dont want anyone to go over the stupid mountain, and think Im criticizing you.  But there is a typo in the article.  See quote below:"In the meantime, lottery players dreaming about what $640 million means to them after taxes have been withheld can check USA Mega's  Jackpot Analysis page, which provides the information for each individual state.

Keep up the great work.

Please just send me a note if you find a typo - thanks.

Kumo's avatarKumo

Quote: Originally posted by yoho on May 17, 2013

That's because most people rush to buy tickets on the last day, so most tickets are sold on the last day.

Spot on. Many of the lotto retailers down here near I-45 and the major streets in the Houston area get absolutely packed with customers the evening of the draw.

chrissy16

Quote: Originally posted by Kumo on May 17, 2013

Spot on. Many of the lotto retailers down here near I-45 and the major streets in the Houston area get absolutely packed with customers the evening of the draw.

Got my ticketsBig Smile

Piaceri

Quote: Originally posted by VenomV12 on May 17, 2013

Love that people can put little sayings under their posts. You can really see who the mentally ill on here are. 

Trolling again, Venom? Not getting enough attention?

Win$500Quick's avatarWin$500Quick

Take a deep breath and play responsibly!

Kumo's avatarKumo

Quote: Originally posted by chrissy16 on May 17, 2013

Got my ticketsBig Smile

Definitely getting mine tonight. :) I've seen the lotto machines go down due to network issues before a big jackpot.

Masone

Everyone who wins the lotto seemingly has this amazing story. The public bus broke down in front of a corner store and they went in to get a bottled water, and the change they had left was exactly enough to buy a ticket for the lotto they wouldn't have otherwise played if the bus hadn't broke down. It was also their first time playing, and someone cut in front of them in line and got a ticket, so if that didn't happen they wouldn't have won. 

Stuff like that.

I was thinking, well, maybe that's the kind of story I'll tell them when I win, but I never win to even get the chance. I'm starting to think I have to actually live that story for me to win, roleplay style. I'm going to concoct some ridiculous story and roleplay it right into a corner store where I'll get the winning ticket.

NoShame's avatarNoShame

Quote: Originally posted by Masone on May 17, 2013

Everyone who wins the lotto seemingly has this amazing story. The public bus broke down in front of a corner store and they went in to get a bottled water, and the change they had left was exactly enough to buy a ticket for the lotto they wouldn't have otherwise played if the bus hadn't broke down. It was also their first time playing, and someone cut in front of them in line and got a ticket, so if that didn't happen they wouldn't have won. 

Stuff like that.

I was thinking, well, maybe that's the kind of story I'll tell them when I win, but I never win to even get the chance. I'm starting to think I have to actually live that story for me to win, roleplay style. I'm going to concoct some ridiculous story and roleplay it right into a corner store where I'll get the winning ticket.

No role playing for me.  I'm claiming anonymously. Cool

maximumfun's avatarmaximumfun

Quote: Originally posted by Todd on May 17, 2013

It was a typo.  I'm glad you found it, but probably best just to send me a quick note.

bummer... I thought you were giving us a hint... :)

sookie's avatarsookie

I can't understand cleaning out a savings account to buy that many tickets.  I have 4 that's plenty for me.

haymaker's avatarhaymaker

Quote: Originally posted by Jill34786 on May 17, 2013

Lol! with the current Federal budget at close to 4 trillion. Our Government spends about $450 million per hour Eek

Sorry, I ment to include a "LOL"

on my reply to you.Smile

larry3100's avatarlarry3100

$650 million PowerBall jackpot! I'm ready for it. Bring it on!Party

tomlarson2009's avatartomlarson2009

OK all I have to do is to win Powerball and Mega = $790 mil. I will start working on my magic numbers :D

Ronnie316

Quote: Originally posted by chrissy16 on May 17, 2013

Got my ticketsBig Smile

I got mine too. Wink

Arrowhead's avatarArrowhead

Guy in line two places ahead of me: $200 on Powerball, $100 on Mega. Eek

peppy007

Heard on the news that if no one wins tomorrow, it'll go up at least to 935 million dollars.

NoShame's avatarNoShame

Quote: Originally posted by peppy007 on May 17, 2013

Heard on the news that if no one wins tomorrow, it'll go up at least to 935 million dollars.

I think given the rapid sales, it is likely that all possible number combinations will have been sold thus guaranteering that it will hit tomorrow.

peppy007

Of course I would love to hit the jackpot, but if I don't then i would love to see the worlds first billion dollar jackpot.

savagegoose's avatarsavagegoose

i needed to catch a bus, so asked for 1 ticket, the clerk thought i meant lotto,  said i have to buy it now as they cant be cancelled, and what do you know! I won. I NEVER buy lotto, it breeds indolence.

loosejuice

I have the golden ticket in my shoebox...Thumbs Up

rdgrnr's avatarrdgrnr

Quote: Originally posted by savagegoose on May 17, 2013

i needed to catch a bus, so asked for 1 ticket, the clerk thought i meant lotto,  said i have to buy it now as they cant be cancelled, and what do you know! I won. I NEVER buy lotto, it breeds indolence.

Congrats goose! Was it the jackpot?

golfer1960's avatargolfer1960

Quote: Originally posted by Jill34786 on May 17, 2013

The PB annuity value will have to exceed $750 million if it wants to break the cash value that MM has at $471 million.

You're my girl!

golfer1960's avatargolfer1960

Quote: Originally posted by Jill34786 on May 17, 2013

The Federal tax obligation alone is almost $150 million! some folks out there will still think that is not enough of their fair share.

Our beloved Government will burn through that amount in 20 minutes.

Sho you right!

golfer1960's avatargolfer1960

It's gonna be really difficult to get some sleep tonight...

 

dreaming of money

th19940305

I wish there was a way to find out the combos that have not been played yet so that I can play some of them

brees2012's avatarbrees2012

            Cash .............in my state is says .......payout $263,815,000     Does that mean how much 

            a person will recieve ?  Do they give you a small check when you turn in your ticket ?

            How long does it take ? What is the procedure ?  thank you       

Teddi's avatarTeddi

Quote: Originally posted by brees2012 on May 17, 2013

            Cash .............in my state is says .......payout $263,815,000     Does that mean how much 

            a person will recieve ?  Do they give you a small check when you turn in your ticket ?

            How long does it take ? What is the procedure ?  thank you       

Hi brees. I don't know what state you're in so I'll tell you the best way to figure it out. 

The money you receive from a jackpot payment, isn't entirely yours. They take 25% of federal taxes right away, but what you'll really owe is a total of 39.6%, so it's best to calculate what that extra 14.6% is, subtract that amount, put it aside as you'll owe it later. If you're in a state that doesn't tax you, then the 39.6% is all the taxes you'll owe on the jackpot. 

Once they've verified your information, they'll deposit the funds in an account you provide or forward you a physical check (do they still send physical JP checks?) that takes about 3 weeks or so to hit your account. 

If you need money to tide you over until then, you can get a loan against the jp, either before or after you come forward. It's best to get the loan ahead of time, IMO.

KY Floyd's avatarKY Floyd

Quote: Originally posted by Teddi on May 17, 2013

I agree, I think it'll be at $700M or close to it by tomorrow night. I think people will be borrowing money and clearing out their checking accounts to buy as many tickets as they can. Seems it's jumping ~$100M per day, so why not $700 tomorrow night, unless everyone is broke by tomorrow. Which is possible at this rate of ticket sales. 

I don't know what will happen if it rolls over. People will lose their minds.

"why not $700 tomorrow night"

The increase in what they advertise doesn't mean they've actually sold those tickets already. It only means the sales so far have let them make a more accurate estimate. I'm guessing they also deliberately lowball it a bit when it gets to this level, so they can generate even more hype when they do bump up the total.

Figuring they knew the original estmate was low, we've seen an increase of $75 million followed by an increase of $50 million. I'd bet on an increase to $625 by early afternoon, followed by a modest adjustment at drawing time.

KY Floyd's avatarKY Floyd

Quote: Originally posted by NoShame on May 17, 2013

I think given the rapid sales, it is likely that all possible number combinations will have been sold thus guaranteering that it will hit tomorrow.

It's virtually impossible to sell all of the possible combinations. Once they've sold 90% there's only 1 unused combination for every 10 tickets sold. At the very end, when there's only 1 unused combination left there's only a 1 in 175 million chance it wil turn up each time another ticket is sold. That means that we should expect that finally using that single combination would require selling 175 million tickets.

Assuming the final tally is about $650 milion they will have sold about 300 million tickets. That will use about 75% of the combinations, and a 25% chance of another roll.

helpmewin's avatarhelpmewin

Quote: Originally posted by golfer1960 on May 17, 2013

It's gonna be really difficult to get some sleep tonight...

 

dreaming of money

Green laugh

Simba774

Every time there is a Hugh JP the media interviews Richard Lustig and he gives the same old advice. I don't think he ever won a huge MM or PB jackpot,  but hell he's lucky than most. My mother bought a ticket yesterday, but I'm going to buy one today. If we win I will definitely have a Joker smile for life.Jester

redhot7's avatarredhot7

Have you noticed just how little media attention is with the 600 million dollars jackpot? The attention is a far cry from 656 million MM jackpot last year.
Moreover, there was no line when I bought a ticket in my location today.

I have a feeling that once a record jackpot was reached, it would take another record to get media attention. If the jackpot rolls over and reaches 1 billion dollars, then the media would be all over it.

Teddi's avatarTeddi

Quote: Originally posted by Simba774 on May 18, 2013

Every time there is a Hugh JP the media interviews Richard Lustig and he gives the same old advice. I don't think he ever won a huge MM or PB jackpot,  but hell he's lucky than most. My mother bought a ticket yesterday, but I'm going to buy one today. If we win I will definitely have a Joker smile for life.Jester

That guy is nothing but a modern day snake oil salesman. System my a(s)s. If his system was all that effective he'd have won more than $1M by now and disclose how much he spends on tickets. His number of wins isn't that impressive to me without knowing the stats. Fine, he won 7 times, how much did he spend to get that? Especially since so many of the wins are $25k. And why hasn't he won any more since. He's been at 7 wins for years now. 

What he's really selling is his book, not useful information. His book is where he's making the money. Someone may sue him soon because I have yet to read of any winner thanking him for helping them win.

redhot7's avatarredhot7

Quote: Originally posted by Teddi on May 18, 2013

That guy is nothing but a modern day snake oil salesman. System my a(s)s. If his system was all that effective he'd have won more than $1M by now and disclose how much he spends on tickets. His number of wins isn't that impressive to me without knowing the stats. Fine, he won 7 times, how much did he spend to get that? Especially since so many of the wins are $25k. And why hasn't he won any more since. He's been at 7 wins for years now. 

What he's really selling is his book, not useful information. His book is where he's making the money. Someone may sue him soon because I have yet to read of any winner thanking him for helping them win.

One of the most stupid advice he gave was that you have more chance to win if you pick your own numbers instead of Quick Pick. Every possible combination has equal chance of winning, regardless how you pick it.

Teddi's avatarTeddi

Quote: Originally posted by redhot7 on May 18, 2013

Have you noticed just how little media attention is with the 600 million dollars jackpot? The attention is a far cry from 656 million MM jackpot last year.
Moreover, there was no line when I bought a ticket in my location today.

I have a feeling that once a record jackpot was reached, it would take another record to get media attention. If the jackpot rolls over and reaches 1 billion dollars, then the media would be all over it.

I have a feeling that now that the MM JP got claimed, more people will be focused on PB tomorrow. But you're right, seems there was more media interest for last year's $587 PB than there is now. 

That'll be good for anyone who wins tomorrow.

Toronto

Quote: Originally posted by redhot7 on May 18, 2013

Have you noticed just how little media attention is with the 600 million dollars jackpot? The attention is a far cry from 656 million MM jackpot last year.
Moreover, there was no line when I bought a ticket in my location today.

I have a feeling that once a record jackpot was reached, it would take another record to get media attention. If the jackpot rolls over and reaches 1 billion dollars, then the media would be all over it.

You kidding? It was on CNBC every hour during the day and ABC national news for sure when I was watching. Then I know based on Google News it's a headline, in addition to each of the local news stations youtube segments posted under that headline.

Teddi's avatarTeddi

Quote: Originally posted by Toronto on May 18, 2013

You kidding? It was on CNBC every hour during the day and ABC national news for sure when I was watching. Then I know based on Google News it's a headline, in addition to each of the local news stations youtube segments posted under that headline.

Last year, the lottery jackpots were the leading stories on AOL, MSN and Yahoo. Last night I had to go looking for it. It wasn't even one of the top trending stories on Yahoo much less a news story. They started showing more interest today, but Beyonce's possible pregnancy, Maria Carey's lip synching, and Kim Kardashian's swollen feet were apparently much more important. It seems really odd compared to how it was last year

xaab

Quote: Originally posted by Arrowhead on May 17, 2013

Guy in line two places ahead of me: $200 on Powerball, $100 on Mega. Eek

Those are the ones that makes the jackpot rolling.  Gotta thank them when you win.

yoho

Quote: Originally posted by Teddi on May 18, 2013

Last year, the lottery jackpots were the leading stories on AOL, MSN and Yahoo. Last night I had to go looking for it. It wasn't even one of the top trending stories on Yahoo much less a news story. They started showing more interest today, but Beyonce's possible pregnancy, Maria Carey's lip synching, and Kim Kardashian's swollen feet were apparently much more important. It seems really odd compared to how it was last year

as jackpots of this size happens more and more, the frenzy dies down. When we see 3 bil, 5 bil jackpots, most people won't bat an eye on the little 600m

jackpots anymore.

whiteballz's avatarwhiteballz

Quote: Originally posted by yoho on May 18, 2013

as jackpots of this size happens more and more, the frenzy dies down. When we see 3 bil, 5 bil jackpots, most people won't bat an eye on the little 600m

jackpots anymore.

"When we see 3 bil, 5 bil jackpots, most people won't bat an eye on the little 600m jackpots anymore."

I don't see 3 or 5 billion dollar jackpots with tickets at $2 each and this current 5/59 + 1/35 matrix.

Nikkicute's avatarNikkicute

Congrats to the MegaMillions winners, go collect quick, no ones looking lolLOL

whiteballz's avatarwhiteballz

Quote: Originally posted by Nikkicute on May 18, 2013

Congrats to the MegaMillions winners, go collect quick, no ones looking lolLOL

true dat.

yoho

Quote: Originally posted by whiteballz on May 18, 2013

"When we see 3 bil, 5 bil jackpots, most people won't bat an eye on the little 600m jackpots anymore."

I don't see 3 or 5 billion dollar jackpots with tickets at $2 each and this current 5/59 + 1/35 matrix.

Maybe not. But I don't think people would be much more excited if MM reached 1 billion rather than powerball.

 

So if a game was changed to say $3 and 7/59 or something, people would still be excited about a billion jackpot for the first few times, until it becomes 

common. Even if the games don't change, and 600M jackpots happen more often, while reaching 1 bil occasionally, people will stop caring about 600M 

jackpots. It'll become kind of like 275M jackpots these days. At that point, since not so many people will buy tickets for that one draw, it's more likely

to roll over.

whiteballz's avatarwhiteballz

I don’t know if we’ll see $700 million tonight but I think PB will break the current annuity record set by mega millions at $656 million.

Teddi's avatarTeddi

Quote: Originally posted by whiteballz on May 18, 2013

I don’t know if we’ll see $700 million tonight but I think PB will break the current annuity record set by mega millions at $656 million.

Yes, I don't see it not surpassing $656M, especially with the MM gone. Such a pity their cash option is so much less than MM. We might have had 2 records broken.

whiteballz's avatarwhiteballz

Quote: Originally posted by Teddi on May 18, 2013

Yes, I don't see it not surpassing $656M, especially with the MM gone. Such a pity their cash option is so much less than MM. We might have had 2 records broken.

It would be great to have both the annuity and lump sum record broken tonight. I'm going to get a few more tickets today to help the cause. LOL

brees2012's avatarbrees2012

Quote: Originally posted by Teddi on May 17, 2013

Hi brees. I don't know what state you're in so I'll tell you the best way to figure it out. 

The money you receive from a jackpot payment, isn't entirely yours. They take 25% of federal taxes right away, but what you'll really owe is a total of 39.6%, so it's best to calculate what that extra 14.6% is, subtract that amount, put it aside as you'll owe it later. If you're in a state that doesn't tax you, then the 39.6% is all the taxes you'll owe on the jackpot. 

Once they've verified your information, they'll deposit the funds in an account you provide or forward you a physical check (do they still send physical JP checks?) that takes about 3 weeks or so to hit your account. 

If you need money to tide you over until then, you can get a loan against the jp, either before or after you come forward. It's best to get the loan ahead of time, IMO.

 Teddi ..............Thank you ..........

brees2012's avatarbrees2012

     1.   I read in the past ....."Certain States wins more WHY ? EXAMPLE , Va , SC , NJ , NY , PA , Calif ???

     2.   Just wondering why ? MM  2 person's  won on the East Coast ......

     3.   Read to These Games are Rigged true / false ?  ........

   

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